Pinduoduo releases latest financial report, revenue in 2025 increases by 10% year-over-year

Pinduoduo announced its latest financial report on March 25, showing double growth in revenue for Q4 2025 and the full year. Q4 revenue reached 123.9 billion yuan, and full-year revenue was 431.8 billion yuan, a 10% year-over-year increase. In early April last year, Pinduoduo officially launched the “Hundred Billion Support” strategy. After a year of implementing this significant rural support and business assistance initiative, the platform’s ecosystem has accelerated its impact. Various merchants in agricultural and industrial zones have gradually transitioned from focusing on categories and quality to building brands through customized and differentiated development paths.

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